Worker Representation on U.S. Corporate Boards

32 Pages Posted: 7 Nov 2019

See all articles by Lenore Palladino

Lenore Palladino

University of Massachusetts at Amherst - College of Social and Behavioral Sciences - Department of Economics; Franklin & Eleanor Roosevelt Institute

Date Written: October 28, 2019

Abstract

This article argues that workers should have representation on corporate boards of directors and explores the policy choices available in the U.S. context achieve the goal of worker representation. Effectively implementing such a reform requires consideration of key issues, including: how many directors should represent employees; how they should be chosen and who counts as a worker when the choice is made; how they should meaningfully represent workers, and what information the board owes the workforce; how these choices are different in a unionized or non-union context; and the relationship between a worker’s role as director and employee, in terms of pay, time, and protection from repercussions at work.

Keywords: Corporate governance; worker representation on boards; stakeholders; boards of directors

JEL Classification: G34; G38; B50; K22

Suggested Citation

Palladino, Lenore, Worker Representation on U.S. Corporate Boards (October 28, 2019). Available at SSRN: https://ssrn.com/abstract=3476669 or http://dx.doi.org/10.2139/ssrn.3476669

Lenore Palladino (Contact Author)

University of Massachusetts at Amherst - College of Social and Behavioral Sciences - Department of Economics ( email )

Amherst, MA 01003
United States

Franklin & Eleanor Roosevelt Institute ( email )

4079 Albany Post Rd.
Hyde Park, NY 12538
United States

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